Breaking Away from the Venom: Why VenomPunks.com, a Leading NFT Collection, is Exiting the Venom Foundation NFT Ecosystem

Venom Punks
21 min readApr 14, 2024

Do you trust a blockchain that opposes its builders? Why are Venom Punks eager to distance themselves from the Venom Foundation? Is Venom authentically decentralized, or is it manipulated by team members for personal benefit? Is the blockchain primarily serving the interests of the team and their inner circle? They’ve already upset the community, and now they’re turning their sights on builders. Here’s why builders, investors, and users should avoid Venom Foundation.

We all know that honest builders are vital for any blockchain. The more dApps there are, the more users will join, leading to blockchain growth. Builders deserve fairness, equal chances, and a level playing field. Healthy competition among builders is good, but if the blockchain takes sides, it’s no longer fair competition, it’s like a dictatorship. Imagine you create a great dApp, and then a scammer copies it. Instead of supporting your legit dApp, the blockchain backs the scammer. Despite getting all the support and resources, the scammer (venom-punks.com) can’t beat genuine dApps like VenomPunks.com. If you’re going to scam, at least be original; why copy an existing collection? Decentralization in blockchain means shifting control from one central entity to a distributed network. But Venom seems more like a centralized chain, run like a family business. This setup could favor family, friends, and relatives, giving them advantages over other builders. For builders not close to the Venom Team, this means limited success chances.

VenomPunks.com Journey

Let’s begin by understanding how the genuine Venom Punks https://www.venompunks.com/ originated:

Our developer, NikJr, discovered the Venom Blockchain on November 26, 2022. He then invited Zeeshan Paalo, a senior software architect, who followed suit and joined the Venom Foundation Discord on November 29, 2022. The VenomPunks.com team closely examined the Venom Blockchain during its early stages, when there were only around 1000–1500 members on Discord.

After thoroughly researching Venom’s technology and the founding team, he conceived the idea of launching the Venom Punks collection, along with VenomSea, Venom Name Service, Wrapped Venom Station, and other dApps. He assembled a team from his network, consisting of experts in various fields such as software architecture, engineering, art, development, marketing, and community management. Venom Punks existed before the current CEO, Christopher, and was likely one of the earliest and only independent dApp back in January 2023.

The VenomPunks.com domain was registered on January 19, 2023.
https://who.is/whois/venompunks.com
The VenomPunks.com Discord server was set up on January 4, 2023.
The VenomPunks.com Twitter account, @venom_punks, was made in January 2023.
VenomPunks.com founder in Venom Foundation Discord

The VenomPunks.com founder discussed his plans to build on the Venom chain on the Venom Foundation Discord server on January 3, 2023. Then, on February 25, 2023, Zeeshan Paalo explicitly stated that they would be building VenomPunks.com and VenomSea.io on the Venom Foundation Discord.

Venom Venture Funds email to VenomPunks.com and a call meeting.

VenomPunks.com received an email from Venom Venture Funds on April 21, 2023, followed by a call with Justin Jay Das, representing Venom Venture Funds.

Our whitepaper went live on May 13, 2023 (latest whitepaper link: https://docs.venompunks.com/), as announced here: https://twitter.com/venom_punks/status/1657452522473406465. We took part in the Venom Hackathon on May 24, 2023, representing VenomPunks.com (event details: https://dorahacks.io/buidl/5939). On May 6, 2023, we deployed our first contract (0:b31f98bfe94422df091b0a7537169149748cf93aaf835a46fd0993ad2236162a) on the testnet, viewable at https://testnet.venomscan.com/. Then, on June 1, 2023, we conducted a successful test mint on the Venom testnet, with our community members minting 10,000 test supplies in just 20 minutes. Finally, on June 7, we conducted another test mint, this time on the devnet, accessible at https://devnet.venomscan.com/.

Venom Foundation not paid the community managers

Starting from June 2023, we’ve teamed up with several Twitter pages from different Venom communities, such as Venom Turkey, Venom Circle, Venom Media, Venom France, Venom Ecosystem, Venom Vietnam, Venom India, OneArt Wallet, Venom All Day, Venom HQ, Venom Insights, Oasis Gallery, and numerous other Venom Pages. Although these pages were indirectly overseen by the Venom team. Venom Foundation struck a deal with various Venom country pages on Twitter to compensate them for managing those pages. However, after paying them for several months, they stopped receiving payment as agreed.

Cait, the manager of Venom NFT Ecosystem, supporting VenomPunks.com

Cait, the manager of Venom NFT Ecosystem, was well-informed about the genuine VenomPunks.com collection. She even joined our Discord server on May 25, 2023, representing Venom Foundation. During our call with her, she also mentioned that we would receive an official shout-out before our mint. Cait has left the Venom Foundation. Was she let go after discovering the Venom team’s plans for the scam collection venom-punks.com, and she disagreed with their approach?

Based on the evidence presented, the genuine journey and honest efforts of VenomPunks.com are well-known to anyone associated with the Venom Foundation, Venom ecosystem, Venom team, and Venom community. The Venom Punks community grew organically as they don’t rely on paid marketing. Venom Punks existed before the current CEO, Christopher, who created the controversy by endorsing the scam collection. Now, let’s delve into why we’re labeling venom-punks.com as a scam collection and why the Venom Team is implicated in this scam.

Venom-Punks.com Scams

Our community reported venom-punks.com as a scam on May 26, 2023.

The legit VenomPunks.com and our community had been aware of this scam collection for quite some time. After thorough research, our community identified and reported it as a scam on May 26, 2023, on our Discord to protect our community. We weren’t concerned about that scam collection, as we could easily handle such collections. However, the situation escalated when Venom CEO Christopher endorsed this scam collection on his Twitter account (https://twitter.com/louis_tsu/status/1775901116783301085). He should recognize that people follow him because he’s the Venom CEO, and his tweets directly impact the Venom Ecosystem; his tweets essentially represent the Venom Foundation’s stance.

Venominator is a team member of venom-punks.com, so his statements represent venom-punks.com.

A person named Slava Semenchuk, with the Discord username microminator (Venominator) joined our Discord on March 30, 2024. His intentions seemed to defend his scam collection, try to gain from our mint and appear innocent. However, the VenomPunks.com team and community countered with solid evidence, leaving him no choice but to leave. He not only turned out to be a scammer but also mistakenly revealed the connection between the scam venom-punks.com collection and Venom Foundation. This discovery was deeply disappointing and hurtful for us, especially after investing over a year of hard work into building our collection. It raises questions: Why did Venom Foundation feel the need to launch an NFT collection named “Venom Punks” when another team was already working on it? What is the actual relationship between the Venom Foundation and the Venom-Punks.com team?

Why choosing Venom Punks? Why not any other name? Because they knew we were growing strong so they could easily build under our shadow and remove us out of the competition via direct support by Venom Foundation and they’re already running the same scam collection on other chains, so they figured they wouldn’t need to put in extra effort, like creating original artwork and other stuff. However, they underestimated the strength of community and transparency. This lack of understanding makes both the Venom Foundation and the scam collection ineffective in fostering community and transparency.

Both the scammer and Venom Foundation were aware that the venompunks.com domain and @venom_punks username were already in use. Despite this, they opted for the venom-punks.com domain and @punks_venom username. This oversight highlights a lack of professionalism and competence from both the Venom Foundation Team and the Venom-Punks team. Above, we’ve outlined the evidence that anyone, even a newcomer, could use to determine that another team was already working on the Venom Punks NFT collection on the Venom chain.

Now, let’s examine how intentionally Venom Foundation and the scammer launched a clone collection of an already established collection on the Venom Chain. The direct connection between Venom-Punks.com and Venom Foundation is evident here.

Venom-Punks.com once again shows a direct connection with Venom Foundation.

The Venom-Punks.com team has openly stated in various places that they are not an independent collection but are associated with the Venom Foundation. They claim to have the support of the Venom Foundation, suggesting that Venom Foundation is backing Venom-Punks.com. But why did the Venom Foundation feel the need to do this? What is their relationship with this scammer? What motives drive both the Venom Foundation and the scammer?

Venom-Punks.com confirms Venom Foundation’s involvement in the launch of venom-punks.com.

In the first point, this individual either lacks basic research skills or is knowingly deceiving. He should have checked if there was an existing collection named Venom Punks. Instead, it appears he intentionally launched a duplicate collection with the intent to scam.

In the second point, he claims that the Venom Foundation team was unaware of the legitimate VenomPunks.com collection and gave him the green light to proceed. This raises questions: is he lying, or is he pretending unawareness to justify his actions?

In the third point, his actions expose his deceiving nature. We have screenshots from his website dating back to May 2023, showing no mention of a “Punk” meme coin. It seems he added this later to improve his collection’s presence, anticipating our exposure.

In the fourth point, he attempted to defend his ongoing scam. Aware of the impending exposure, the Venom Team advised him against continuing his activities. Nevertheless, he persisted, even requesting various tokens like USDT, ETH, BNB, USDC, EverScale, and TRX directly to his wallet. His lack of a competent developer to create a proper smart contract for community minting, and his unfamiliarity with standard NFT protocols, further confirm his scam intentions. We’ll share evidence of his scam practices, including fake mint numbers. The Venom-punks team’s claim of practicing these tactics on other chains suggests they are opportunistic scammers, exploiting any chance to deceive people. The Venom Team’s support enables this behavior.

In the sixth point, he claims to have only learned about the legitimate Venom Punks shortly before the mint. However, evidence suggests he and the Venom Team were aware from the start. Their decision to proceed despite this knowledge is baffling. Regarding his marketing claims, his follower count growth is minimal. Starting with 351 followers in May 2023 and reaching only 411 in April 2024, with irregular tweet activity, hardly supports his marketing claims. Recent marketing attempts failed, further highlighting the incompetence of both the Venom Team and the Venom-punks.com team, suggesting they’re not professionals but scammers.

Lying about the meme coin “Punk,” displaying a fake number of mints, requesting various coins to his wallet, a Ramadan offer, and making changes to the website.
Venom-Punks.com confirms Venom Foundation’s involvement in the launch of venom-punks.com.

In various instances, he has openly admitted to having an agreement with the Venom team. This confirms that his claims are true and there’s concrete evidence to support this. Thus, it’s evident that the Venom team is involved in this scam.

Even though they began asking for money in May 2023, they chose to schedule their mint date for March 28, coinciding with the legitimate VenomPunks.com OG and WL mint phases. This clearly reveals their deceptive intentions. This scam collection was dormant throughout the year, only to reappear on the same minting day of VenomPunks.com. This individual tried every trick to steal our mints, with the Venom team backing him up.

· Legit VenomPunks.com Mint date tweet:
https://twitter.com/venom_punks/status/1772421438470844439

· Scam Venom-Punks.com Mint tweet:
https://twitter.com/punks_venom/status/1773267574270079030

Discover the Hilariously Useless ‘Utilities’ of the scam venom-punks.com!

Upon realizing that the team’s extravagant offers, like a one-day trip to Dubai in a Lamborghini, lack credibility and make a mockery of standard NFT practices, the scam collection removed the Lamborghini ride from their website. Rather than offering a ride in a luxury car, they should have aimed higher, perhaps offering a “trip to the moon.” lol It’s amusing that they updated their website and features right after we announced our intention to expose them. Moreover, this scammer has an identical roadmap on the EverScale blockchain with the same collection, yet hasn’t delivered anything, and is now attempting the same scam on the Venom chain.

Their sudden website makeover and flashy prize offerings indicate their willingness to deceive without facing consequences. Their scheme to buy back NFT #666 for $10,000, despite not adhering to standard NFT minting rules and airdropping selected NFTs, is misleading. They mint specific numbers like 66, 777, 111, 6666, 7777, and offer them as flashy prizes, but there’s no genuine random minting involved. We’ve noticed that such flashy prize schemes in NFTs often turn out to be scams. Their referral program has shades of a multi-level marketing scheme, adding more doubts to their credibility.

Is NFT shopping akin to grocery shopping now? Scam venom-punks.com offered a Ramadan discount in 2023. Sorry, scammers, Ramadan’s over; no more discounts!

Notifying our community about the denial-of-service attack on March 29, 2024.

They aimed to disrupt our mint, aware that our public launch was scheduled for March 29, 2024. Their attempted denial-of-service attack forced us to close our servers and spend 2–3 hours countering the attack, halting our minting process temporarily.

Our minting process was threatened due to mistaking the scam collection with the legitimate Venom Punks collection. Someone aims to profit millions by selling NFTs without benefiting the ecosystem or the holders, deceiving everyone in the process. What percentage does the Venom Foundation team receive from the sales?

Our community member’s findings after investigating the scam collection at venom-punks.com.

One of our community members baited the scammer by “promoting his scam collection on our Discord,” and the scammer unsuspectingly revealed all the deceptive practices involving the Venom team, venom-punks.com, and Oasis Gallery. We’d like to praise “cryptokyra” for his investigative efforts. Here’s his conclusion, followed by an exploration of his findings:

The Venom Foundation provided venom tokens to venom-punks.com to launch their scam collection, and then asked Oasis to remove the legitimate venompunks.com collection from their homepage.

In a transparent blockchain ecosystem, when do you see a blockchain founding team allocating tokens to an NFT collection like venom-punks.com, especially when they lack knowledge about NFTs? What kind of research is this scammer referring to? We’ve provided clear evidence above that the legitimate Venom-Punks.com has been under development since its early days. Who do you think you are, and who is the Venom Foundation to strike an agreement to develop a duplicate collection against an already established one on the same chain?

The Venom Team was well aware that requesting direct payments to wallets isn’t a standard practice and could easily be identified as a scam. To circumvent payment requests on other chains and direct to wallets, they appeased the venom-punks.com team with Venom tokens, yet their actions remain doubtful. The scammers aim to create a collection on Venom but refuse to use the TIP4 smart contract standard and Venom token for minting. How can this be a Venom collection contributing to the growth of the Venom ecosystem when the Venom team supports it? Their actions confront reasons.

venom-punks.com openly challenges the Venom Foundation and its CEO.

When CEO Christopher unintentionally mentioned the legitimate venompunks.com in his response, the scammer became visibly upset, threatening to bring down the Venom Foundation. What agreements and other products is he referring to? Why does the venom-punks.com team appear to have more influence than the Venom Foundation? Does he possess information that the Venom Foundation team is fearful of?

Despite receiving direct support from the Venom Foundation, venom-punks.com criticizes them as being disorganized.

The scammer is aware of the success of the legitimate VenomPunks.com, which likely angered him. Despite receiving direct support from the Venom Foundation for his scams, he continues to criticize them, claiming the Venom chain is in disorder. The perplexing part is that the Venom team still backs him. What’s happening here? Even after venom-punks.com publicly criticized the Venom Foundation, they continued to offer them support, which is quite shameful. It seems like venom-punks.com has the Venom Foundation under their influence.

The Venom Foundation is endorsing the scam collection venom-punks.com.

He claims he tried not to interfere with each other’s operations, yet he resorted to dirty tactics to sideline us, which ultimately failed. We’ve detailed all his attempts that fell short. Interestingly, he seems unaware if the Venom Foundation owns Oasis Gallery. However, in his subsequent statement, he acknowledges making an agreement with the Venom team behind Oasis Gallery. His contradictory statements work against him, casting doubt on the Venom Foundation, venom-punks.com, and his own scams.

Once again, we see the Venom Foundation’s association with the scam venom-punks.com collection.

When Christopher Louis accidentally mentioned us on Twitter, the venom-punks.com team responded with aggression, directly confronting the Venom Foundation team. Fearing this confrontation, the CEO retweeted the scam collection’s mint tweet, which was eight days old. It’s disappointing to see the Venom Team and CEO yield to this kind of pressure.

The scammer claims to have an agreement with the team behind Oasis Gallery, implying that the Venom Foundation owns Oasis Gallery. However, the Director of the Community, James, states that it’s a third-party dApp. This discrepancy raises questions about the integrity of the Venom chain.

Involvement of Oasis Gallery in this scam

Firstly, it’s unclear whether Oasis Gallery is a third-party dApp or owned by the Venom Team. The Director of Venom Community refers to it as a third-party dApp, while the scammer, who is related to the Venom Foundation team, claims it was built by the Venom tech team.

Oasis Gallery is aware of the legitimate VenomPunks.com collection. We had a collaborative discussion with Oasis on August 3, 2023, and partnered with them on February 28, 2024. They knew that we were an early collection building momentum every day.
https://twitter.com/0asisgallery/status/1762885790260994278

We believe Oasis Gallery assumed the scammer’s collection was defunct and wouldn’t reappear, leading them to collaborate with us. Otherwise, they might not have partnered with us. The Venom-Punks.com scam collection, along with Oasis Gallery and the Venom Foundation team, collaborated to destabilize our OG and WL mint phases. They directly listed our collection on Oasis Gallery without our consent, contrary to our plans communicated to our community. We had informed our community that the reveal and marketplace listing events would take place after our public mint. However, the Venom-Punks.com scam collection, Oasis Gallery, and the Venom Foundation team listed our collection with a 0% royalty rate, despite our website and Discord mentioning a 5% royalty. This move allowed our holders to list, buy, and sell their minted VenomPunks.com NFTs.

Oasis Gallery listed our collection venompunks.com without our consent.
Here’s a screenshot showing venompunks.com listed on the Oasis Gallery homepage.
Oasis Gallery listed the legitimate venompunks.com collection with a verified mark without our consent.

Upon listing our collection with a verified collection mark, they realized this reckless action might boost our minting. Just three minutes later, the Venom Foundation team requested Oasis to remove our collection from the homepage, cancel the verified collection mark, but keep the collection listing URL active. They removed our collection from the homepage, believing it would boost our minting. However, they wanted to promote the scam collection on Oasis for more mints. Neither we nor our community were aware of this listing, potentially causing it to flop. The scammer then joined our Discord to inform our community about the listing, disrupting our OG and WL minting phases.

We asked Oasis Gallery to remove the listing of venompunks.com from its marketplace but they ignored.
We asked James (Director of community at Venom Foundation) to remove the listing of venompunks.com from Oasis Gallery marketplace but he ignored.

The most frustrating part is that we notified The Venom Business Development and Product teams, the Community Director James on Discord, and Oasis itself to immediately remove our collection. We don’t want our collection traded on Oasis, yet none of them honored our request. To this day, our collection remains unofficially listed on Oasis, undermining our efforts. All parties involved in this situation appear complicit in this scam, turning this chain into a dictatorship profiting at the expense of its users.

VenomPunks.com collection links on all marketplaces (VenomArt, Ventory and Oasis Gallery) via contract address

Ventory and VenomArt are reputable third-party dApp marketplaces that follow marketplace standards, but unfortunately, they operate on the wrong chain. The Venom team doesn’t own Ventory and VenomArt, which led to our collection not being listed there without our consent. To tarnish our collection’s reputation, Oasis Gallery manipulated the floor price. Below are the links to our collection on each marketplace and screenshots showing Oasis intentionally undermining our collection:

https://venomart.io/collection/0:bfa8894ebc5b742aa6ed15b588830fa83e7b7a86cd0efb88df40bf3a269d0867

https://venom.ventory.gg/collection/0:bfa8894ebc5b742aa6ed15b588830fa83e7b7a86cd0efb88df40bf3a269d0867

https://oasis.gallery/collection/0:bfa8894ebc5b742aa6ed15b588830fa83e7b7a86cd0efb88df40bf3a269d0867

Venom-Punks.com Founder’s Scam

Introducing the person behind these scams, https://semenchuk.com/, who teams up with the Venom Foundation team and Oasis team. He claims to have sold over 57,000 NFTs, but where are they? Why is he selling so many NFTs? It seems like an easy way to make money. What happened to the collections he pulled the rug on? We suspect his portfolio is fake. If we investigate deeper into his portfolio, we’ll likely uncover numerous lies and scams. However, our focus here is to expose his NFT scams.

The founder of the scam venom-punks.com openly admits to creating various NFT collections on different chains.

He began his scamming spree on the Ton blockchain with a similar tactic, tonpunks.com. However, he failed because there was already an established collection by a Russian team, https://tonpunks.org, and he had no relationship with the Ton Blockchain team. His scam fell through on the Ton blockchain. With ties to the Everscale chain, he transitioned tonpunks.com to https://scalepunks.com. Despite having all the resources, he couldn’t deliver a successful collection. He duplicated everything from tonpunks to create a clone, scalepunks.com, on the Everscale chain. He falsely claims that scalepunks.com is sold out at 10,000, but marketplaces display a supply of 5,600 with 447 owners — a significantly low number. https://twitter.com/ScalePunks has 566 followers, further evidence of his dishonesty.

The founder of the scam venom-punks.com is also behind another failed collection, scalepunks.com.

After failing with scams and rug pulls on the Everscale chain, he is attempting a similar scam on the Venom chain with https://venom-punks.com. He offers the same promises, uses identical artwork, collaborates with the same influencers, lacks smart contracts, and employs the same tactics of deception. Despite all this, with the Venom team’s support and his ties to them, it appears he won’t succeed on the Venom chain either. Creating multiple collections across different chains with the same flawed roadmap, artwork, influencers, lack of smart contracts, and engaging in scams, rug pulls, deceit, and dishonesty, while receiving support from the Venom team, strongly suggests the Venom team’s involvement in this scam.

Venom Foundation Team’s Involvement

We’re aware of the reasons behind the delayed mainnet launch by the Venom Foundation, including the issues between Founder Peter Knez and Former CEO Mustafa Kheriba. His financial investment company parted ways with the Venom Foundation, a sensitive and global issue we prefer not to delve into. We understand how the Venom team operates, how they outsource most tasks, and how the team works remotely. They face financial constraints and lack a professional team. Things were smooth when Mustafa Kheriba was in charge, with professionals handling tasks. However, the most of the professionals left due to the Venom Foundation’s failure to compensate them.

Retrieving the total supply from the smart contract showing zero.
How VenomArt and VenomScan display a total supply of 2,750?

We’ve also discovered issues with https://venomscan.com/, including technical faults and suspicious activities. For instance, there’s a collection named Drunk Soda on VenomArt. When attempting to call the total supply via the smart contract, it shows a total supply of 0. Yet, both VenomScan and VenomArt display a total supply of 2,750 on their front end. This inconsistency is puzzling. Moreover, this collection doesn’t comply with TIP4 standards as per RFC2119, which mandates every collection to implement TIP4.

With a one-year delay in launching the mainnet, non-functional Venom Bridge, unavailable venom withdrawals on CEXs via the Venom chain, an unprofessional team, unfulfilled CEO promises of airdrops, #VenomScam trending on Twitter, and a chain plagued with bugs and technical issues, this blockchain seems unsuitable for investors and builders.

[Collection link on VenomScan]
https://venomscan.com/accounts/0:13c5ba458fff59d7d4adc7b26f724c8e8ca2500100146b987792a635f=b492322

With the help of the Venom Team, the scammer Venom-Punks.com attempted to delete the evidence and seem clean:

The founder of scam venom-punks.com attempted to delete his Discord account after mistakenly revealing conversations involving Venom Foundation, Venom-Punks.com, and Oasis Gallery.

We held meetings with the Venom Team to discuss the scam collection and presented the evidence we had gathered. Initially, we shared an incomplete report with the Venom Team, hoping they would take corrective action. However, instead of addressing the issue, they alerted the scammer, and both parties attempted to erase the evidence. Above is evidence highlighting their efforts to remove evidence and their involvement in the scam.

After our expose, scam-punks.com is trying to appear innocent by claiming their collection isn’t an official Venom Foundation collection. Why the need to clarify that now?

Our Final Thoughts

Despite our efforts to contribute positively to the Venom chain, support its growth, and expand the Venom ecosystem, we now understand why Venom never supported us fully. It seems that certain influential figures within the Foundation are hindering independent dApps to prioritize their personal interests. Is someone within the Venom team profiting from the sale of worthless NFTs? How much are they paying the Venom team to remain silent about this scam? This manipulation has caused significant damage to the legitimate venompunks.com collection, undermining our reputation and hard work.

What is the relationship between venom-punks.com and the Venom Foundation team? Why is the Venom Foundation obstructing the progress of other builders on the Venom chain?

Where else would you find a blockchain’s founding team attempting to deceive not just the community but also the dApps developed on their platform? Would any developer opt to build on the Venom chain knowing that independent dApps struggle to prosper there due to unethical politics? We wouldn’t have raised concerns if this were a fair competition between two independent collections. However, it’s clear that the Venom Foundation is exhibiting bias in this situation, eroding trust among developers.

VenomPunks.com team has been diligently and transparently developing dApps on the Venom chain for 12 months, only to suddenly face opposition from the Venom team, demanding withdrawal from the competition. Does Venom grasp the foundational principles of blockchain? What does true decentralization mean? We fail to determine any honesty or fair competition within the Venom chain.

The reckless actions of the Venom team have resulted in significant losses for us, dealt a severe blow to our 12 months of hard work, seized our mints, and redirected them to a scam collection. It’s the honest and independent developers who nurture a blockchain’s ecosystem and attract users. We deeply regret launching our collection on the Venom chain and wasting 12 months of our time and resources. Initially, we thought there was a misunderstanding that we should clarify with the Venom team, hoping they would take strict action against the scam venom-punks.com. However, during our meeting with the Venom Team, we discovered their involvement in this scam and their close ties with the founder of the scam venom-punks.com. We were shocked. We informed the Venom team that we are not intimidated by any collection on Venom but support their efforts to expand the ecosystem. We emphasized the importance of a scam-free ecosystem and requested a level playing field for all builders. Little did we know that the Venom team was involved in this scam.

Currently, there isn’t a single independent NFT collection on the Venom chain that can match us in any aspect. Despite facing opposition from the Venom team, Oasis, and Venom-punks, we achieved the highest sales on the Venom Chain, not only during minting but also in secondary sales, which weren’t even official. We have a 100% organic and supportive community, and we don’t even consider venom-punks.com as competition.

We have decided to leave the Venom chain and seek a new home on a platform where builders receive equal opportunities and the team operates with integrity and professionalism. We urge everyone in the web3 community — users, influencers, investors, researchers, and builders — to stand with venompunks.com and share this scam exposure widely to warn others away from this chain.

We will rebrand our collection and look forward to the continued support of our community and everyone in the web3 space.

CONCLUSION

In conclusion, the evidence presented paints a concerning picture of the Venom Foundation’s and Oasis Gallery’s involvement with the scam collection venom-punks.com. The discrepancies, contradictions, and deceptive tactics employed by both the Venom Foundation and the scammer raise serious questions about the integrity and transparency of the Venom ecosystem.

Builders, investors, and users should exercise caution when engaging with the Venom chain. The unfair practices, bias, and potential manipulation within the Venom Foundation not only harm independent dApps like venompunks.com but also undermine the trust and credibility of the entire blockchain community.

VenomPunks.com has been committed to transparent and honest development on the Venom chain, only to face unexpected opposition and challenges from the Venom team. Despite this, our community’s unwavering support and the undeniable success we’ve achieved stand as a testament to our dedication and resilience.

We have made the difficult decision to withdraw from the Venom chain and seek a new platform where builders are given equal opportunities and operate with integrity. We call on the web3 community — users, influencers, investors, researchers, and builders — to join us in exposing this scam and warning others about the risks associated with the Venom Foundation.

We will continue to focus on our mission of delivering innovative and authentic NFT experiences while rebuilding our brand in a more supportive and trustworthy environment. We remain grateful for the support of our community and look forward to a brighter future ahead.

Legit Venom Punks Links:

🔗 Whitepaper: https://docs.venompunks.com/
🔗 Discord: https://discord.gg/venompunks
🔗 Twitter: https://twitter.com/venom_punks
🔗 Website: https://venompunks.com/
🔗 Mint Link: https://venompunks.com/officialmint

Update:

We’ve received another statement from the founder (https://twitter.com/semenchuk_com)of the scam collection venom-punks.com, revealing their intention to overshadow the legitimate venompunks.com collection. However, they underestimate our vigilance. While they may have concluded their thoughts, ours are just beginning. The 3000 minted Venom Punks will forever stand on the Venom Foundation, serving as a testament to the deceptive practices of the Venom Foundation as a scam chain. Builders, be wary of associating with such a chain.

Christopher Louis Tsu, the CEO of Venom Foundation, @louis_tsu, has blocked us on Twitter. If everything was above board, why the need to block? Why not respond openly? Blocking won’t obscure the questionable tactics at play.

Oasis Gallery initially listed our collection without consent, only to remove it later. We’ve requested them to relist our collection alongside the scam collection venom-punks, standing firm against deceptive practices. Despite filling out their listing form, contacting them via Discord and email, we’ve yet to receive a response. Where else does a legitimate collection face such neglect on a marketplace?

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Venom Punks

Venom Punks, the first-ever NFT collection on Venom Foundation and an independent builders standing against the scams of Venom Foundation.